160 Pierson St new Save Request In-Person Tour Request Virtual Tour
City Of Orange Twp.,NJ 07050
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $326
MLS Listing ID 3978087
Style 2-Two Story
Bedrooms 6
Full Baths 2
Year Built 1896
Annual Tax Amount $12,875
Tax Year 2024
Lot Size 2,613 Sqft
Property Description
Renovated 2-Family Home in Booming Orange, NJ " Great Investment Opportunity! This updated 2-family property is a fantastic investment in the heart of Orange, NJ a community experiencing rapid growth and revitalization. Both units were renovated in 2020, offering clean, modern living spaces with excellent long-term potential. One unit is currently tenant-occupied with a lease in place through February 2026, providing immediate rental income. Current rents are below market value, leaving room for increased returns over time. Each unit has separate utilities, and shared access to washer/dryer hookups in the basement. The property features a large, fenced-in backyard, perfect for tenants or owner-occupants looking to enjoy outdoor space. Located just minutes from Route 280 and NJ Transit trains, commuting to NYC is a breeze. Orange is a commuter-friendly town with a vibrant arts district, historic architecture, and close proximity to South Orange, West Orange, and Montclair. A great opportunity to invest in an up-and-coming area with strong rental demand!
Location
State NJ
County Essex
Zoning RESIDENTAIL
Rooms
Basement Unfinished
Interior
Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding
Utilities Available Electric, Gas In Street
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Schools
Middle Schools Orange
High Schools Orange
Others
Senior Community No